Cyprus Property Bubble on Verge of Bursting
A new Cyprus Law is proposed making any mortgage rank behind a registered contract for sale will mean that banks will want their money back. Once the mortgage is out of the way then Title Deeds can be issued doing away with waits for legal ownership of 10 years or more becoming a thing of the past.
Also Contracts with false sale prices to evade Property Transfer Taxes will be challenged and the Law enforced.
It looks like a complete success for the Cyprus Property Buyers Action Group (CPAG) whose campaigns are winning.
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